How much life insurance do you need today?
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That depends on the legacy you wish to leave - and how you would like to provide for the people and institutions you care about after you're gone. Life insurance can offer financial security for your loved ones, helping to ensure that:
You can also use life insurance to:
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Use this calculator to help evaluate (or re-evaluate) your life insurance needs today.
I am:
Number of years I'll need life insurance coverage:
(Example: if you have a 4-year-old child, you may need at least 20 years of coverage to ensure her financial security through her college years to age 24.)
*Note
This calculator is intended to help you approximate life insurance coverage based upon your current situation. It is not a recommendation for specific coverage amounts. The actual amount of life insurance coverage needed to meet the financial needs of your estate or your family could be significantly different. Church Life Insurance Corporation does not guarantee that the figures generated by this calculator will meet the financial needs of your estate or family. The future value of money, changes in the inflation rate, and the cost of living will have a direct impact on your coverage needs, as will changes in your family situation. You are responsible for determining and selecting the appropriate amount of coverage. Higher coverage amounts may be selected and will likely result in higher premiums. Church Life Insurance Corporation suggests that you review your coverage periodically to determine whether your coverage levels meet your family's changing needs.
Life insurance and annuities are issued by Church Life Insurance Corporation ("Church Life"); an affiliate of Church Pension Group. Church Life is solely responsible for its own financial condition and contractual obligations. All guarantees are subject to the claim's paying ability of the issuer.